UNCITRAL – RECENT DEVELOPMENTS OF WORKING GROUP III IN THE REFORM OF THE ISDS SYSTEM
A. Introduction The United Nations Commission on International Trade Law (“UNCITRAL” or the “Commission”) was established by the UN General Assembly in 1966 to promote the harmonization and modernization of international trade law. Its main tasks include the preparation of legal instruments aimed at facilitating international trade, as well as fostering the uniform application of […]
ILC DRAFT CONCLUSIONS ON GENERAL PRINCIPLES OF LAW AND THEIR RELEVANCE FOR INVESTMENT ARBITRATION
A. Executive summary The International Law Commission (ILC) is close to finalizing its draft conclusions on general principles of law (GPL). These conclusions clarify how GPL are identified and what functions they perform within the international legal system. For investment arbitration, they intersect directly with the framework of the applicable law that investment tribunals may […]
CONVENTION ON THE ESTABLISHMENT OF THE INTERNATIONAL ORGANIZATION FOR MEDIATION
A. Background and purpose The Convention on the Establishment of the International Organization for Mediation (“IOMed” or the “Convention”) is a multilateral Treaty designed to create the first standing intergovernmental organization dedicated to settle international disputes through mediation. Its purpose is to promote and facilitate peaceful settlement of international disputes through mediation in connection with: – inter-state […]